6801 Rogue River HwyGrants Pass, OR 97527

Property Details for 6801 Rogue River Hwy

Year built

1976

Lot size

3.26 AC

Property size (Sq ft)

1,536 SF

Zone code

RR2.5

Property type

Residential income properties

Property subtype

Mobile home & RV parks

APN

1-0552774

APU

10552774

Description

This exceptional investment opportunity presents the Three Oaks Mobile Home Park in Grants Pass, Oregon. Located at 6801 Rogue River Hwy, 97527, this stabilized property boasts a 7.37% cap rate and a strong NOI of $80,353. The park comprises seven units, including four mobile homes, one RV pad with hookups, and two cottages, all situated on a 3.26-acre lot. Currently operating at 100% occupancy, generating $8,710 in monthly rental income, this park offers significant potential for future growth. The property includes meticulously maintained homes and beautifully landscaped grounds. An attractive feature is the inclusion of an adjoining 2.99-acre tax lot zoned Rural Residential 2.5, providing potential for future development or expansion. The asking price for this turnkey investment is $1,090,000. This property represents a rare opportunity to acquire a well-maintained, high-performing mobile home park with significant upside potential in a desirable location. The low operational expenses contribute to the robust financial performance, making this a compelling investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $375,324

  6.5%

  $346,453

  7%

  $321,706

• Comparable approach

  Method

  Valuation

  Relative Method

  $610,032

  Geo Method

  $610,032

• Alternative Use

  Use

  Valuation

  Residential

  $346,453

  Hospitality

  $317,349

  Educational

  $264,031

  Medical

  $273,111

  Retail

  $410,714

Location Insight

City

Grants Pass

County

Jackson

State

Oregon

Latitude

42.4177

Longitude

-123.211

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].